Thread by @Jimbyrnemusic

1. Scotland can't run a wellbeing economy if our monetary policies try to mimic those of the UK Government. @GOVUK policies are built, not on a mountain of govt debt - but on a mountain of myths about govt debt. Remember, the UK Government can't run out of money.

2. Government finance in a monetary sovereign country is not scarce – the only things that are scarce are the country’s resources. Those resources are its people, their skills and the physical/technological resources of the country.

3. The government can afford to invest in green technology, in education, in research, in healthy citizens, in a more equal distribution of opportunity & wealth. It can invest in ensuring the planet doesn't burn to a crisp. Resources are limited - not finance.

4. Currency sovereign governments - such as an independent Scotland with its own currency can use policy to control inflation, control interest rates, control corporate profiteering and financial fraud. It should control those for the good of Scotland's citizens.
#YesScots

5. Not for the sake of controlling arbitrary 'debt' ratios or any other financial indicators. The focus should be on people, not on financial 'indicators'. None of these things can be done within current neoliberal economic thinking. That thinking is based on wrong assumptions.

6. Those wrong assumptions and myths about how economies work suit a particular class of people. Which is why, despite the evidence showing, for example, how government financing actually works, nothing changes. Educate yourself and start to challenge orthodoxies.
#YesScots

7. Scotland has an opportunity to revolutionise the entire idea of what the government’s job is. The governments job, should be, and can be, to look after the welfare of its citizens. That is not done by having flawed economic models that say the country needs austerity.

8. Start here:

A hypothecated tax for the NHS?

An independent currency in an independent Scotland: tinyurl.com/bddwp4jz

Scotonomics:

#YesScots #ScottishIndependence2023 @glasgowswestend
@Scotonomics1

9. We can’t have a Wellbeing Economy unless we move away from neoliberal economic orthodoxies - and change our flawed understanding of debt and deficits.
@Feorlean @NicolaSturgeon @MMTpodcast @AngusRobertson @_KateForbes @Ianblackford_MP @RichardJMurphy @JohnSwinney